OPINION: If you think being a landlord is difficult now, can I suggest you grab a cup of tea, take a seat and breathe through your nose.
Because, until now, whatever battles you've faced will seem like a fairytale.
These sweeping changes are a potential minefield that many landlords may find chilling.
But if you're one of the 600,000 renters - this gives you more certainty and more power than at any other time in the country's history.
Sadly, some of Thursday's changes are so extreme and so heavily weighted in favour of the tenant, that I think more people will miss out on securing a rental property.
Landlords won't take risks - and I think people may shy away from being landlords too.
Basically, the Mongrel Mob may end up moving in and you can't do much to get them out.
For a start, you must give them 90 days notice instead of 21.
And you can't just kick these munters out for any old reason - not even for being anti-social.
You must record three anti-social moments, and only then can you move to kick them out.
Imagine it; eavesdropping your tenants' party looking for signs of rogues so you can go and nark.
In other changes, tenants can demand minor changes to the place and the landlord must not decline in most cases.
Landlords can't advertise the place without a price, hoping to bargain up the prospective tenants from a shortlist
Tenants can demand broadband be installed and landlords can't say no except for in a few circumstances.
If disputes end up in the Tenancy Tribunal, the winning parties' names can be suppressed forever. So much for transparency.
These changes give tenants a powerful new standing and for a country with not enough houses, I can't see how these rules encourage ordinary folk to buy a second house to become a landlord.
Duncan Garner hosts The AM Show.